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Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

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31–40 of 43 posts

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#31
Try scaling to a $4m/yr business. That'll give you something to do with your day for sure! You'll need to take on staff and you might need an office and you can get that sense of camaraderie back.

There's good advice in this thread but nobody has pointed out the very real danger you face: you've evidently got a really good thing going, but your attitude could cause you to lose it. Either you won't give it the attention it needs and it dies or someone hungrier than you will steal your market share before you even notice.

The other thing you can do is to sell up. The only thing I can promise you is that nothing lasts forever - you've got a good thing going now so you could find a buyer who might offer you anywhere from 4-10x turnover. Maybe even more. At the very least you could become somewhat independent by paying off your mortgage or having a comfortable nest-egg while you come up with other plans.

So to conclude, I feel you have two options - get bigger or sell up. If you go travelling to "find yourself" or become a woodworking expert or go into education or just fill your life with more distractions you could lose everything.

tl;dr: Cash == Freedom; Distractions != Cash;

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#32
I really identify with this question. My process might sound insane, but here it is.

It's really hard for me to self-motivate. I get into slumps where I don't make progress on anything, then I spend a lot of time feeling bad and thinking about what to do, and then loop back to not doing anything.

If you look at Maslow's Hierarchy of needs, 'esteem' needs is right below self-actualization and what you and I do is bounce between these two levels. When you work alone and can't self-motivate, how do you satisfy the need for a sense of accomplishment, for power and prestige, for respect so you can self actualize?

Sometimes all I need is a goal. The right goal can kickstart my desire to do things and progress makes me feel accomplished, but these goals are hard to find.

Sometimes all I need is a checklist. Checking things off as done is a great motivator for me but it requires having things I need or want to do.

When I don't have a goal or a checklist, I hop on hackerrank and do practice problems. The ranking system is an ok motivator, I get the sense of progress and accomplishment when I complete a problem and I don't feel like I'm wasting time like when I get that from a video game.

After a while, I realize hackerrank isn't really doing much and I want to get out of the loop. This is when I start planning every half hour of the day. I write it out for the next day at the end of the day, set alarms and do whatever the schedule says. It's no longer up to me, I have to follow the schedule. When I'm writing the schedule, I think about things I might be interested in, things that would help others, things that would bring me health, wealth and happiness. I consider how much and what I could get done in half an hour, write it down and do it. Eventually I find something I like and it starts filling my schedule. After some time, I stop scheduling because I'm doing that all day. Then I usually get bored and start the whole loop over again.

Every 100 days I have a reset day (it's in my calendar) to stop and identify what brought joy and accomplishment and try to stay out of the feel bad loop.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#33
Firstly, congratulations on your success. But a note of caution - the business/commerce world also faces entropy and success slow decays unless you are constantly nudging your cash-cow in the correct direction...are you? Decay is slow, but before you know it the opportunity goes away. I hope you dont ignore this to the point where you lose it over time.

I'd distinguish this comment from other comments in that it is OK to not scale this to $4m, but it would be a shame to see this decay to $300k, then $200k, and then disappear.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#34
post #2

You're asking strangers to answer a personal question for you. Some of us in your situation would be perfectly happy woodworking, others would hate it. You could consider joining the board of a non-profit you feel strongly about. You'd get to work with a team, and you could pitch in on day-to-day operations as a volunteer.

Huh. Joining the board of a non-profit is a good idea. I always assumed I'd have to be asked to do that... You're right, it's personal— guess I was just hoping someone recognized themselves in what I was describing.

Consider your skills. A volunteer opportunity around your skills is a great force multiplier. Bing a Big Brother is great, but if you are really good at sales or tech or overseeing outsourcing companies or whatever -- you may be good enough to spend ~5hrs a month and contribute to an organization as much as a full time person might.

I volunteer at a number of helper places (e.g., DataKind) and you'll find organizations really seeking you out -- for advice. I was asked to be a board advisor on vendor selection. Basically, look over what type of skills/org they should hire for a task. How to ask for the right things. I'm sure you can do the same, use your core skill as a force multiplier.

I'm an advisor to a nature non profit. I love nature. I love that I dont have to "do" coding (I get enough of that during the day). But I can help them by finding coders, interviewing people, etc. Small helps that impact them a lot.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#36

One solution for dealing with what you're going through is to become a teacher or a mentor for people who are looking for one. You're making good money means you must have learnt a few things you can teach others, so why not share that knowledge. It is the best way to do something new while keeping yourself in the game and meet a few like minded people too.

Great idea. One of the things I'm going to do is apply to be a Big Brother (not sure if it's global— but it's a mentorship non-profit here in Canada).

That’s great to hear. It’s a very good organization and one I’ve been thinking of volunteering with myself. Also congratulations on your business. That’s something I’m trying to figure out if I want to strive for.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#37

Sounds like you're successful and have many personal outlets such as your business, music, etc. So I don't think wood working or extra academia is the solution. It sounds like you need more social interaction. You don't necessarily have to work to work on a team. Volunteer, join a church, have some kids, join a club (running, soccer, whatever). Get out there and make your life more complex in a good way. Also, I'm ju…

Thanks for sharing your thoughts. I really like how you put it: "get out there and make your life more complex in a good way." (My wife and I are trying for kids right now and sometimes I wonder if that's the "complex in a good way" thing that I'm anticipating...)

Kids opened up things for my wife and I. Between little league, school, etc we expanded our social network pretty substantially.

One nice thing is that everyone does something else. It's exhausting to be surrounded by geeks. I have beers every few weeks with a locomotive engineer, a teacher and a dentist. We cannot talk work, because none of us know anything about what each other does.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#38
Miss a team? Build a team and grow your business. Bored with the business and don’t want to grow it? Sell it. Either way, find something that excites you and do it. And by the way 400k/yr is nice but what if your business dries up in a year or two? It’s not fu money by any means.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#39

Ever thought about having children? That'll keep you busy the rest of your life and can be very fulfilling!

I know this sounds like a light hearted joke and maybe a hyperbole to you right now OP (you mentioned on a comment trying for kids but not yet), but this is 100% true. I became a parent last year and nothing else in my life had kept me so busy, so much that it's impossible to even have time to think about "what do I do". I've worked in startup-turned-unicorn and been severely overworked in the past in my 20s, and that still doesn't compare to the level of busyness of being a parent.

Re: Ask HN: Business Is Making $400k / Year– Now I Don't Know What to Do with Myself

#40
First, set up a solid financial base for yourself so that no matter what happens to the business, you'll be financially fine.

And then just let it rip...go for it. $400k a year is only the beginning. Take it to $4m. Like someone else here said, that'll definitely give you a lot to do. If you don't do it, the risk is that someone else will in due time.

It could be a lot of fun and personally rewarding especially if you already have a solid financial set set up and especially if the growth means you can take on employees to create new jobs. Job creation, especially in the community where you live, is a huge net positive.

If any of this resonated with you, then you know what to do.

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